Regatta

Horse race or regatta?
I always choose the latter.
You simply let a lotta
Dinghyists or yachters
Loose upon the water
And wait a bit 'til later
Then flatter the fleeter
Of the fleet and natter
Of this and that and matters
Nautical and that's a
Recipe for a real, a right and proper, sun-burnt and shattered, leaky boat and tattered-sailed regatta